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NYTimes is reporting that aides to Trump are urging him to "cancel all of Musk’s contracts and launch several investigations into [him]" Bannon is quoted as saying “They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien, and he should be deported from the country immediately.” The Investigations would look at Musk's alleged drug use and immigration status, and his security clearance would be revoked.
Quote from NYT megathread: „House Democrats are jumping on Elon Musk’s allegation that President Trump’s name is in the supposedly secret documents the federal government has on powerful men who were in the orbit of the disgraced financier Jeffrey Epstein. They immediately called for the release of the Epstein files.
„Elon Musk’s friends and associates on Thursday are in a state of disbelief. Several said they, like the rest of Washington, are glued to their computers as they watched their friend joust with President Trump, unsure what exactly his plan is.“
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State of disbelief? Me too, me too… What the fuck is happening?
On the personal level everyone knows that two galaxy sized egos will sooner or later clash, on the cultural level the MAGA jocks and the grey tribe nerds are not natural allies: As soon as Musk was out of the door Jared Isaacman‘s nomination for NASA director was revoked.
I am still shocked about the sudden implosion. The coming Moon landing and Artemis missions with SpaceX lander … not happening. Mars mission? Not happening with a hostile administration. Musk supported MAGA because Biden ignored him? Boy, will that be a rude awakening. On the other side: Trump has now an enemy with 200 million followers and who owns the dominant conservative online corner.
While the conflict is unsightly, the economic policy of 'lets continuously cut taxes and raise spending' is Zimbabwe-tier. America cannot afford to treat the rest of the world like retarded clowns forever, no matter how stupid and foolish other countries are. They're not going to keep buying these little bits of paper at a high price. Bond rates have been and will continue to rise.
A trillion dollars borrowed every 180 days? Inflation will inevitably spike and then interest rates will need to be raised, with serious consequences for refinancing. US is already at 124% debt to GDP, there's not much more room to borrow.
There are lots of people on the MAGA-right who don't seem to care about this at all, just the political impossibility of cutting spending. Being bankrupt isn't great politically either. Inflationary spirals aren't great either. Schizo tariff wars with the rest of the world... aren't great either. Trump and some of his key advisors have basically no concept of what it means to run the economy, they are not economically literate. It's like Soviet politburo members in the 1980s who had no idea how the Soviet economy actually ran, the complex dual-currency system that existed to prevent inflation. They had no concept of inflation. The Biden administration was little better, they did much the same thing. But one fundamentally can't expect loyalty from others if one flails around breaking things constantly in a position of power.
If Trump was smart he’d cut a deal with enough Dems who genuinely want infrastructure / railroad / whatever funding to pass a bipartisan budget that raises taxes somewhat on everyone (but especially on ‘the rich’) that can be framed as an ‘emergency national bill’ by all parties.
It's smart retail politics but it's awful power politics. "The rich" in the sense of owners of car dealerships and dialysis chains and the like have a lot of sway. You'd need to bribe them with something, and we're out of something.
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